Neptune will again team up with US-based Cal Dive International to undertake the work, which follows only a month behind the completion of their first repair project in the region.

Managing director Christian Lange said the project would allow the company to continue building a presence in the United States.

“Securing this project demonstrates that NEPSYS is gaining status and recognition amongst companies operating in the Gulf of Mexico,” he said.

“We can see that following our recent business development efforts in the US and the successful completion of our first repair job, we are starting to gain real visibility in this market. Demand for our NEPSYS technology is certainly growing.”

Lange added that Neptune was continuing to invest in more research and development and technology.

Last month, the company announced it had completed its first Gulf of Mexico repair project on time. At the time, Lange flagged the likelihood of striking similar deals after demonstrating the NEPSYS technology to more than 20 consulting engineers for some of that country’s largest oil and gas producers.

He said the project showed potential customers in the international oil industry that the NEPSYS technology was “far superior” to other methods of repair.

Neptune says its NEPSYS dry-technology delivers in situ repairs to platforms, pipelines, vessels and marine infrastructure while minimising operational down time in a non-hyperbaric underwater environment.